Review the domestic market in December and January DOP outlook-DOP, Plasticizer - Plastic industry
HC Network Plastic News: After entering in December, many downstream products into the sales of off-season, DOP demand declined. As Phthalic anhydride Fell more active, stimulating the DOP market decline. Octanol manufacturers face the problem of weak sales of lower prices and increased market decline. DOP early Port Offer 14,400 yuan / ton, 10, fell to 14,200 yuan / ton, 17, hit 13,700 yuan / ton low, which is low for the year. Quotes may also continue to decline. Features
market trends (1) raw materials fell octanol Began to fall into the December octanol, octanol domestic capacity is limited, but declined DOP plant procurement, sales octanol blocked. Qilu Petrochemical Octanol quote down to ~ 14,600 yuan 14400 / ton, Jilin Petrochemical octanol decreased to 14,200 ~ 14,400 yuan / ton, are the implementation of hedging sales.
(2) anhydride raw materials fell 12 early month of phthalic anhydride as downstream DOP, UPR such as a drop in demand and price drop. End of the year coming into the season the downstream market, financial stress, reduced ability to purchase. Phthalic anhydride in the early fall of 500 to 600 yuan / ton, the upstream supply of o-benzene-rich, post-anhydride small correction may be larger.
(3) DOP supply normal Start domestic DOP medium, due to market decline, margins are thin, many manufacturers have dropped a load, too few imports, port Stock However, due to start low down lower, falling demand. At the end of the lack of good, strong selling interest capital return. Currently in the pattern of supply exceeding demand, downward pressure on market higher.
(4) poor demand Downstream Plastic Products Enterprise is currently in the low season, confidence in the market. PVC , Plastic, Rubber Its products export tax rebate rate down, the EU REACH regulation restricting technical barriers, the current decline in export orders than last year. Come the end of the downstream control of financial flows, procurement dropped.
(5) Crude Continue to fall 12 crude overall trend is weak shocks, the basic 90 dollar / barrel shock. Upstream Aromatics Products also fell in the weak, the current trend in the overall chemical market in a weak state, the market put a heavier mind. Repayment of funds due by the end of intent all strong selling the initiative to a larger market decline.
Analysis of market outlook 12 basically no good news market is expected to market rebounded sharply in the end may not be warming up. However, the majority of the market price after the new year looking forward to the hope of a turnaround in market sentiment after the new year is expected to be improved to some extent, the decline has some convergence, there will be replenishment and rebound, but there is not much long-term gains.
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